Cords Cable Industries Ltd. [NSE: CORDSCABLE, BOM: 532941], one of the leading manufacturers of Instrumentation, Signaling, Control, and LV Power cables in India has announced its financial results for third quarter for FY’ 22.
Cords Cable’s Q3 FY22 Financial Results Comparison
Cords Cable – YoY Q3 FY22 Financial Result Comparison
The total income of Cords Cable Industries Limited for Q3 FY22 was Rs. 110.86 crore, which is 22.72% higher than Q3 FY21, which was Rs. 90.34 crore.
Net profit for Q3 of FY22 was Rs. 1.53 crore against Rs. 1.31 crore for Q3 FY21, thus showing a 17.22% increase.
Cords Cable – FY22 Q2 and Q3 Financial Result Comparison
In comparison to Q2 FY22 Cords Cable showed a 4.30% increase in total income for Q3 FY22, up from Rs. 106.28 crore reported in Q2 FY22.
Profit After Tax (PAT) was up by 0.84% in Q3 FY22 in comparison to Rs. 1.52 crore for Q2 FY22.
Expressing views on results and future prospects Mr. Sandeep Kumar, CFO, Cords Cable Industries Ltd. in an interaction with CableCommunity.com said, “During the Quarter ended December, 2021, company’s performance has rather been strong and satisfactory. This was in spite of the volatility the industry continued to face with regards to the commodity prices. Looking at the current nine months’ performance and orders in hand, we do expect to achieve pre-covid level of performance in the current financial year”.
About Cords Cable Industries Ltd. Cords was established in 1987, headquartered in New Delhi (India). Cords Cable manufactures Instrumentation cables, Control cables, Thermocouple cables, Power cables besides all other Special cables to provide solutions for industrial connectivity requirements such as SCADA, DCS, Railway Signalling and other plant instrumentation requirements. Cords is listed on BSE and NSE stock exchanges. Cords has two manufacturing units based at Chopanki and Kahrani, near Delhi.